Global Factory Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Factory Automation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Factory Automation or automatic control is the use of various control systems for operating equipment such as machinery, processes in factories, boilers and heat treating ovens, switching on telephone networks, steering and stabilization of ships, aircraft and other applications and vehicles with minimal or reduced human.

Market Overview:

The latest research study on the global Factory Automation market finds that the global Factory Automation market reached a value of USD 147052.0 million in 2022. It’s expected that the market will achieve USD 225240.0 million by 2028, exhibiting a CAGR of 7.36% during the forecast period.

Government policy control in some regions

Due to the industry characteristics of Factory Automation, all regions of the world have strict industrial policies and market access standards for the Factory Automation industry. Due to the close relationship between industrial automation and the labor force, the regional government requirements are stricter in terms of safety standards, so as to ensure that the safety performance of products meets the standards. Therefore, the strictness of policies and market standards may affect the rapid growth of the market to a certain extent.

The impact of raw material prices on production costs

Many of Factory Automation products are made of metal, and the increase in the price of metal will increase the production cost of factory automation products. Coupled with the flow of some suppliers, core technicians, and rising global labor costs, this will have an impact on the pricing of factory automation products, leading to a certain increase in their prices.

Upgrade product performance

Automation has dramatically changed the way production is done in the industrial sector by reducing manufacturing time and production costs. In the future, suppliers will focus on developing technologies for industrial automation products, such as the Internet of Things, and some improvements in mechanical automation technology for downstream customers. Provide better quality and lower price products.

Development of downstream industry

With the further development of society, the world's major industries are also developing. For example, the chemical industry, automobile manufacturing, has always been the lifeblood of the global economy. Due to the rising cost of human resources, the global population aging phenomenon has intensified. Coupled with the booming of these industries, there is bound to be an increase in demand for communist automation product

Region Overview:

In 2022, the share of the Factory Automation market in Europe stood at 31.77%.

Company Overview:

Siemens is one of the major players operating in the Factory Automation market, holding a share of 13.22% in 2023.

Siemens

Siemens AG offers power and energy solutions to companies in the energy and electricity industry. The company develops and builds fossil fuel power plants and power-generating components, as well as offers gas turbines, steam turbines, generators, gas turbine packages, steam turbine packages, compressors, fans, instrumentation and controls, electrical systems, wind turbines, fuel cells, fuel gasifies, turbochargers, and environmental systems.

Emerson

Emerson Electric Co., a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company’s Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Segmentation Overview:

By type, Programmable Automation segment accounted for the largest share of market in 2022.

Programmable Automation

In programmable automation, production equipment is designed to change the sequence of operations to suit different product configurations. The sequence of operations is controlled by a program, which is a set of coded instructions. This way they can be read and interpreted by the system. New programs can be prepared and entered into the device to produce new products.

Fixed Automation

Fixed automation, also known as “hard automation,” refers to automated production facilities where the order of processing operations is fixed by the equipment configuration. In fact, programmed commands are included in the machine in the form of cams, gears, wiring, etc.

Application Overview:

By application, the Automotive Manufacturing segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Factory Automation market covered in Chapter 3:

Bosch Rexroth
Emerson
KUKA
ABB
Mitsubishi Electric
Fuji Electric
Delta
Schneider Electric
Rockwell Automation
Yokogawa Electric Corporation
Keyence Corporation
FANUC
Omron
Honeywell
Yaskawa
Siemens

In Chapter 4 and Chapter 14.2, on the basis of types, the Factory Automation market from 2018 to 2029 is primarily split into:

Programmable Automation
Fixed Automation

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Factory Automation market from 2018 to 2029 covers:

Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Chemical Industry
Electronics Manufacturing
Mining
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)